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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Steeny who wrote (23683)6/22/1999 4:47:00 PM
From: Matty  Read Replies (1) | Respond to of 41369
 
You know, i've seen gobs of TA on this board. What is the difference between TA and reading tea leaves? I'm without a clue. I see new TA comments all the time, but not one has been able to predict the behavior of the stock. I'm not intending this as a flame, but an honest question. Thanks in advance.



To: Steeny who wrote (23683)6/22/1999 5:34:00 PM
From: Ed Forrest  Read Replies (1) | Respond to of 41369
 
>>From: +Steeny Tuesday, Jun 22 1999 4:41PM ET
Reply # of 23695

AOL looks like it is trying to form a base. Judging by the chart, it will probably test 98(the old negative trend line). If 98 does not hold, then it will test the 89 lows and either double bottom or head to the 200dma(80). AOL still trading under the 100dma and it's old positive trend line. Technically, these are bearish signals.<<

Steeny
Based on todays turn of events this bit of analysis is probably is the last thing that we want to hear today.First it was satellites this morning and now 98 this evening,whats for dessert? :-(
Ed